NTT picks four brokers after grueling competition
Article Abstract:
Nippon Telegraph and Telephone Corp. (NTT) will have some of its shares sold off by the Japanese government. The government is employing four brokerage companies to handle this transaction. The offering could be valued at as much as $15 billion.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Acquisition heat up in Japan
Article Abstract:
Japanese telecommunication giant NTT Corp made a public announcement of its interests to acquire Tokyo-based International Digital Communications Inc (IDC). With this announcement, NTT Corp has made known that it is ready to battle UK telecommunication company Cable and Wireless PLC with the acquisition bid of IDC. The increasing competition over IDC proves that Japan's phone market is becoming more attractive due to the loosening of government regulations.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Holders pressure Japan firms; trend is sparked in corporate governance
Article Abstract:
The bidding war between Nippon Telegraph and Telephone and Cable and Wireless over the control of International Digital Communications signals a new era in takeovers and mergers in Japan. The unusual battle demonstrates the inefficiencies of the Japanese market and the inability of Japanese corporations to improve shareholder value. Other obstacles include the lack of crowd-out provision and the proliferation of cross-shareholding system.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Foreign firms spend heavily in race to train staff in China. City may pass up windfall
- Abstracts: Reuters revenue increased 7.9% in first quarter in Instinet growth. Reuters swings back to profit, but warns on 2004 revenue
- Abstracts: Big size of Aegon share issue surprises market participants. Listing will help Prudential expand
- Abstracts: Betting on Brazil: Europe's phone firms emerge big winners in Telebras auction. Villalonga to step down at Telefonica
- Abstracts: The Swedish market for household cleaning products (includes related statistical data). The German market for household cleaning agents